5848 Cleon Avenue, North Hollywood, California 91601 - $1,995,000 | Allan Real Estate Investments
Location
Click to interact with map
Property Highlights
$1,995,000
5848 Cleon Ave
North Hollywood, CA, 91601
5848 Cleon Ave
•North Hollywood, CA, 91601
8
Bedrooms
7
Bathrooms
4,299
Square Feet
5
Days on Market
8
Bedrooms
7
Bathrooms
4,299
Square Feet
5
Days on Market
About
Prime investment opportunity in dynamic North Hollywood! Generating approximately $9,000/month in current rental income, this expansive multi-structure estate at 5848 & 5846 Cleon Ave immediate cash flow with fantastic future upside. The spacious 2,118 sq. ft. main residence features 3 bedrooms, 2 bathrooms, central A/C, and a 459 sq. ft. oversized garage. Accompanying the main house is a beautifully updated, modern 1,200 sq. ft. ADU and a versatile 500 sq. ft. guest house. Incredible bonus amenities include a massive 480 sq. ft. recreation room, a dedicated 67 sq. ft. laundry room, a 201 sq. ft. covered patio, and a lush, fruit-bearing garden that maximizes tenant appeal. Boasting a sprawling footprint, this property has incredible upside with potential for SB-9 expansion or additional development. A rare, high-performing asset in a highly desirable neighborhood! (Buyer and Buyer's Agent to independently verify all square footage, room counts, permits, zoning, and SB-9/development potential with the City of Los Angeles.)
Listed by Arnold Daniels with Arnold Daniels (818) 967-6311